Answer:
Journal entries to record the expenses incurred are given below.
Debit Factory Overhead Control Account $ 1300
Credit Utilities bills account $ 700
Credit Accumlated factory depreciation $ 400
Credit property tax payable $ 200
Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.
Debit WiP process account $ 525
Credit Factory overhead applied account $ 525
(1.5 * 350 (machine hours))
Answer: Option B
Explanation: In simple words, retailing refers to the process in which an organisation makes their produced goods or serve to the end consumer efficiently. The retailing adds the value of the commodity by providing it to the end consumer more easily as everyone would not be able to collect the desired commodity directly from supplier.
Any business unit that is involved in the activity of purchasing the goods and selling the goods further for a margin is involved in retailing process. Retailer usually collects its inventory from the whole seller appointed by the producer.
Developing effective marketing communications starts with analyzing and understanding the current clients and why they chose those products or services. In the first step from the marketing communication the company should get insights into when, where, why and how people purchase the products.T<span>he main focus of the marketing communication strategy is to gain awareness.</span>
Answer:
Sales Revenue 1,218,000 1,218,000
Variable Cost 852,600 487,200
Contribution margin 365,400 730,800
Fixed Cost 292,320 657,720
Operating Income 73,080 73,080
Explanation:
Variable cost 852,600 / 42,000 units = 20.3 then - 8.7 for the decrease due to nex equipment = 11.6 Then 11.6 x 42,000 = 487,200
Answer:
$145,500
Explanation:
Lease payments on warehouse: $31,000
Maintenance Services: $1,900
Rounded present value of an ordinary annuity for nine years at 13%: 5.
The capitalized lease liability starting at 12/31/2018 (and for nine years at 13%) = ($31,000 - $1,900) x 5
= $ 29,100 x 5 = $145,500
N Corp should report $145,500 as recorded lease liability at December 31, 2018
